Bitcoin vs Optimism

Bitcoin and Optimism are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.

Table of Contents

  1. Metrics
  2. Comparison

Comparing Metrics

Created bySatoshi NakamotoJinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho
Native tokenBTCOP
Consensus algorithmPoWPoS
Hashing algorithmSHA-256KECCAK-256
Supports EVMNoYes
Block time (secs)6002
Supports smart contractsNoYes
Average transaction fee$5.0973$0.141
Staking rewards (APR)0%%

High-level Comparisons

Is Bitcoin faster than Optimism?

No, Bitcoin only processes 5 transactions per second. Optimism processes up to 4000.

Is Bitcoin cheaper than Optimism?

No, Bitcoin has an average transaction fee of $5.0973, whereas Optimism costs $0.141.